The invention discloses a low-fluorine milk glass product and a preparation method thereof. The low-fluorine milk glass product comprises the following raw materials: SiO2, Al2O3, B2O3, CaO, BaO, Na2O, ZnO, K2O, CeO2, MgO, Cu2O, SnO, Sb2O3, CaF and modified algae powder. The preparation method comprises the following steps: melting raw materials so as to prepare glass melt; performing casting molding on the glass melt; annealing the molded glass product; finally, removing the annealed glass product out of an annealing furnace, and performing air cooling to a room temperature, thereby obtaining the low-fluorine milk glass product. The glass product is high in refractive index and excellent in opaque effect, and is relatively high in thermal stability, chemical stability and mechanical strength, simple to prepare, low in energy consumption, less in pollution and wide in market prospects.